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tax evasion. Just check how frequently those chinese restaurants in San Gabriel change their name

From another thread in IHB, the plan 2 's current price offered by builder is 535k

I reread the article. Yes, that 35% drop is in inland community (from 840k->550k). For Irinve, 30% drop is my tipping point. So far, only see 20% drop here.

For detail, you can go to http://lansner.freedomblogging.com/2007/12/20/builder-sees-many-35-socal-discounts/ Builder talks of 35% SoCal price cuts December 20th, 2007 ? 78 Comments ? posted by Jon Lansner My old college pal Ara Hovnanian, CEO of the Jersey-based builder bearing...

Daedalus: "Over 90% interest over 3 years? What interest rate are you qualifying for? Or are you talking about the OP's interest-only for 10 years? That's 100% interest over the 1st 3 years, no? " Sorry, I made a mistake. The actual number for first 3 years is 85% of your payments goes to...

I dont' think that comparison is meaningful. Individual seller can ask whatever riduculous price he wants. A valid comparison will be the recent sale price of a similar plan. BTW , That is just a flipper(or over-streacher) wants to sell his plan 2 with the 2006 July peak price. His logic must...

"Awgee, did you not find some comfort knowing that you weren't paying rent? You were losing equity, but how much was the 25% paper loss compared to the rent you would have paid over 3 years?" That is an agent's sales pitch to fool the dumb buyer. For your first 3 years' mortgage, more than...

RT: Though I am not qwert, I still can see the problem in your comparison. To borrow 720K loan in current Jumbo rate (7%) requires $4800 mortgage. (You can't conside 20% downpay, since when you rent, you don't put down $130,000 downpayment). On top of $4800 mortage, you pay nearly 2%...

"say they offer it to you for 600 k. how many people will have 120k as a down and make like 110k a year to qualify" That is kind of underestimate. I went through builder website to do preapproval. For a 650K house, I put down 130K downpayment. Also I filled in 12,000 annual property...

Does the porsche price go up 3 times or stay the same during the past 10 years?!! My point is no fundamental change in Irvine in the past 10 years. I don't see why one 4 bedroom SFH in northwood (Lexington model) went from 330K in 97 to 1.25M in 20006 (I remeber it is 26 wedgewood). That is...

"Do not look at prices in the late 90s or 2000 to determine what is fair value. Rates are much lower, and wages are much higher." Do we really have much lower jumbo low rate now (7%) compared with 2000? Also, I don't know what is your field? But in high tech industry i am in, starting...